This initial sum is most likely the pre-sale stage of the ICO which, as TechCrunch reported on extensively and in detail last month, was targeted at venture capital firms and top figures in the investment community who were given deep discounts to buy Telegram's Gram token. The pre-sale was originally targeted at raising $600 million, but demand pushed […]

In a 9-4 ruling, the [4th circuit] federal appeals court held that the third version of Trump's travel ban ― which limited visitors from six majority-Muslim countries as well as two other nations ― was likely unconstitutional. It was the second federal appeals court to find that Trump's third travel ban was likely unconstitutional, but both rulings […]

President Donald Trump "feels strongly" that the U.S. should impose a sales tax on purchases made over the Internet, Treasury Secretary Steven Mnuchin said Thursday. Mnuchin, speaking at a hearing before the House Ways and Means Committee, said he has spoken personally with Trump about the issue, and that the president "does feel strongly […]

The rapid rise of Bitcoin and other cryptocurrencies proved to the banking system that it's possible to conduct real-time [or near-real-time] transactions, and not have to wait 2-5 days for a payment to clear....When the CEO of the company launching RTP in the US announced the platform, he admitted that the "RTP system will be the first new payment […]

HNA bought the 18,860-square-foot mansion at 19 East 64th Street from art heir David Wildenstein in April 2017 for $79.5 million and planned to use it as an office. The company funded the deal with a $50 million mortgage from Ullico. Bloomberg recently reported that HNA plans to sell $4 billion worth of U.S. properties to help pay off its mounting debt. That […]

``The new round of cuts comes one month after the retailer said it was removing 3,500 salaried co-managers and adding 1,700 lower-paid assistant store managers. Walmart also said last month that it was closing 63 Sam's Club stores in a move that would impact roughly 9,400 employees.'' […]

According to a research report released last week by BNY Mellon in collaboration with the University of Cambridge's Judge Business School, 39 percent of central banks surveyed are now investing in stocks and 72 percent "reported use of derivatives as part of their investment management activities." It is likely that interest rate swaps are the […]

Potential victims usually are told they owe money that must be paid immediately via prepaid debit card, wire transfer or gift card. If people resist, they're threatened with suspension of their driver's license, deportation, a lawsuit or arrest. It can scare the heck out of people. And they panic, instead of taking the next logical step, which is t […]